Business Organization BUS311 Week 4 Assignment Ashford University
If I were to start my own business by myself, I would start it as a sole proprietorship type of business structure.
Sole proprietorship is easy to form and gives you complete control of your business (When starting a business, you need to decide what type of business entity or business structure to establish.
This requires a careful review and analysis of the business.It’s best to consult with an attorney who understands the intricacies of applicable laws and how they can affect your business.
This decision will have an impact on how much you pay in taxes, the level of risk and liability to your personal assets, and ability to raise money.
There are four types of common business structures: Sole Proprietorship, Partnership, Limited Liability Company (LLC), and Corporation.
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